A view of the Australian wine exhibition area at the 7th China International Import Expo in Shanghai in November. [CHINA DAILY] A rebound in demand from the Chinese mainland has driven a strong recovery in Australian wine exports, with total export value surging 34 percent year-on-year to 2.55 billion Australian dollars ($1.62 billion) in 2024,…
A view of Beijing’s CBD area on Aug 19, 2022. [Photo/VCG] BEIJING – Foreign reinvestment in China benefiting from a preferential policy to temporarily exempt certain profits obtained by overseas investors from withholding income tax have seen rapid growth in 2024, data from the State Taxation Administration revealed on Thursday. The total value of reinvestment…
The electric vehicle market is experiencing a shift with the separation of vehicles and batteries becoming more prevalent. This took a major step forward with the establishment of a battery swap joint venture between battery giant CATL and domestic ride-hailing leader Didi last week. The joint venture, with a registered capital of 330 million yuan…
In the southwestern part of East China’s Shandong province, the Yellow River flows gently and constantly, nourishing a vibrant land of hope in the grain-producing county of Juancheng. Juancheng, which administers two sub-districts and 15 towns with a total population of over 923,000, witnessed its regional GDP hit some 31 billion yuan ($4.36 billion) in…
Signage for Chinese tech giant Alibaba is seen on a building in the Xuhui district in Shanghai on Feb 22, 2025. [Photo/VCG] Chinese tech giant Alibaba Group Holding Ltd announced on Monday its plan to invest over 380 billion yuan ($52.4 billion) in its cloud computing and artificial intelligence infrastructure over the next three years.…
Signage for Morgan Stanley atop a building in Beijing on July 19, 2023. [Photo/VCG] Morgan Stanley has upgraded its outlook on offshore Chinese equities, shifting from a bearish to a more optimistic stance, wallstreetcn.com reported on Thursday. The firm highlighted a structural shift in the Chinese equity market, projecting that technological breakthroughs will drive a…
A BYD worker inspects a Song Pro new energy vehicle at a production line in its factory in Zhengzhou, Henan province, on April 4. [Photo/Xinhua] ZHENGZHOU — Chinese automaker BYD’s Zhengzhou branch in Central China’s Henan province has unveiled plans to recruit 20,000 employees in the first quarter of the year, attracting a surge of…
At Boko Medical Industrial Park in Juancheng county, Shandong province, company leader Li Hang is ambitious of its new business this year. “Based on domestic and foreign market trends, we have launched smooth cooperation with domestic markets such as Beijing, Shanghai and Guangzhou, as well as foreign economies including the United States and Europe,” he…
CNOOC booth at an expo held in Shanghai on Dec 6, 2024. [Photo/VCG] China’s first oilfield from with reserves of super-heavy oil begins extracting reservoirs through thermal recovery. Luda 5-2 North Oilfield Phase II Development Project commenced production extraction on Friday, said its operator, CNOOC Limited. The project, located in the central part of the…
High-rise buildings dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang / chinadaily.com.cn] Shanghai has announced the continuation of a comprehensive set of measures aimed at reducing operational costs to bolster the business environment and support the development of enterprises. The announcement was made during a news conference…